Startup snow mobile firm Redline files $15 mln IPO

SteveGelsi

Vista, Calif.-based Redline
RED, +2.81%
filed a $15 million initial public offering as it plans to launch a line of snow mobiles. The company plans to offer 4.9 million shares at $4 to $6 each with underwiter Gunn Allen Financial. Redline plans to produce, market and sell the 800 Revolt model, replacement parts and a limited line of Redline branded apparel in the 2003/2004 model year.

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